Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Expands By 1,042.2%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 266,803 shares, an increase of 1,042.2% from the January 15th total of 23,359 shares. Based on an average daily trading volume, of 704,388 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 704,388 shares, the short-interest ratio is currently 0.4 days.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.8%

FTGC traded down $0.19 on Tuesday, hitting $24.65. 798,616 shares of the company were exchanged, compared to its average volume of 720,027. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.70 and a fifty-two week high of $27.57. The business’s fifty day moving average is $24.61 and its 200 day moving average is $25.46.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $3.6647 per share. This is an increase from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, December 16th. This represents a $14.66 annualized dividend and a yield of 59.5%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Avestar Capital LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $2,403,000. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 15.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 747,842 shares of the company’s stock valued at $17,372,000 after purchasing an additional 98,436 shares in the last quarter. MTM Investment Management LLC boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 8.6% during the 4th quarter. MTM Investment Management LLC now owns 33,988 shares of the company’s stock valued at $790,000 after buying an additional 2,684 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 10.4% in the fourth quarter. Harbour Investments Inc. now owns 96,766 shares of the company’s stock worth $2,248,000 after buying an additional 9,112 shares during the last quarter. Finally, Americana Partners LLC raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 9.2% in the fourth quarter. Americana Partners LLC now owns 11,750 shares of the company’s stock valued at $273,000 after acquiring an additional 994 shares in the last quarter.

About First Trust Global Tactical Commodity Strategy Fund

The First Trust Global Tactical Commodity Strategy Fund (FTGC) is an exchange-traded fund that is based on the Benchmark for FTGC Fund index. The fund is an actively managed fund that, through a subsidiary, provides broad exposure to commodities through futures contracts. The fund is structured as a 1940 Act open-ended fund. FTGC was launched on Oct 23, 2013 and is managed by First Trust.